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Global Oil Supply: Learning from Lagos

No question China is dumping the dollar by using thir dollar credits to buy long term raw materials. They are thus transfering the risk of a dollar decline to their suppliers and by so ding in a long term contract not destroying the market for credits they still hold.

Once they get clear of the dollar inflation risk they can destroy any credit we have left ( not much) by telling the world they have fully dumped the dollar.

As it is now The Federal Reserve is actively, if not openly, supporting the Treasury sales by what is called " Quantitative Easing ". Hows that for a transparency term?